Keystone Pipe & Supply Co. v. Zweifel

Mr. Presiding Judge RYAN

delivered the opinion of the Commission of Appeals, Section B.

About April, 1927,. the Hofmeier-Healy Drilling Company, a partnership, engaged in the business of drilling wells under contract, became financially involved. An arrangement with creditors resulted in the appointment of Henry Zweifel, as trustee, to take over and assume control of the drilling company’s properties and carry out the completion of certain wells then under contract.

Previously thereto, the Keystone Pipe & Supply Company had furnished to the drilling company a large amount of oil well casing and…